BANKING ON BLOCKCHAIN 2 BANKING ON BLOCKCHAIN: A VALUE ANALYSIS FOR INVESTMENT BANKS As the struggle to raise profitability continues, innovations like blockchain could offer investment banks a lifeline. As with many new technologies, it’s generating much excitement. Some analysts have likened its disruptive potential to that of the Internet, with the power to drive dramatic efficiency gains, save $billions and substantially reduce risk. But there’s also a lot of hype. So what tangible costs/benefits, business applications and ROI does blockchain really offer? To find out, we joined forces with top “We joined forces with benchmarking firm McLagan, a business unit of Aon plc, to conduct an in-depth McLagan to conduct an impact analysis and make fact-based in-depth impact analysis estimates of the cost savings and other benefits that might be achieved. and reveal the facts.”